Page 94 - ETIHAD CREDIT INSURANCE PR REPORT - AUGUST 2024

8/22/24, 2:08 PM Abu Dhabi Chamber reports 23.8% YoY increase in issuing certificates of origin
India.

The study indicated that the chamber's efforts contributed to an increase in local commercial activity
compared to 2023, coinciding with a rise in the number of new industrial companies registered with the Abu

Dhabi Chamber.

The transportation and storage sector witnessed a remarkable 78% increase between January and May 2024
compared to the same period in 2023.

Additionally, the paper observed that by the end of 2023, the total value of the UAE's non-oil foreign trade
with countries with which it has signed Comprehensive Economic Partnership Agreements (CEPA), both

those implemented and those nearing conclusion, surpassed AED390 billion.

The paper also confirmed that the CEPAs have significantly contributed to driving the UAE's economic
growth, enhancing the access of Emirati businessmen to new foreign markets, expanding Abu Dhabi's export
portfolio, and facilitating the entry of Emirati exports into several major markets in the world, most notably

India, Indonesia, Turkey, Korea, and Malaysia.

This includes a variety of products such as electronic equipment, machinery, metals, medicine, vegetable
oils, and others.

The paper revealed that the patterns of exporting non-oil goods from the UAE now encompass a diverse
global scope, with Asia emerging as the leading export destination, followed by the European Union and

North America.

Other notable regions include the European Free Trade Association (EFTA) and Africa, along with significant
growth in the UAE's exports to South America, Eastern Europe, Oceania, and Central America.

As of July 2024, the UAE has signed 12 CEPAs with countries at regional and global levels, with ongoing
discussions to establish new agreements with promising and vital markets.

https://mebusiness.ae/en/news/show/93676 2/2